HP 2014 Annual Report Download - page 68
Download and view the complete annual report
Please find page 68 of the 2014 HP annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58 -
59 -
60 -
61 -
62 -
63 -
64 -
65 -
66 -
67 -
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75 -
76 -
77 -
78 -
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
 |
 |
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Management’s Discussion and Analysis of
Financial Condition and Results of Operations (Continued)
• transferring the Personal Systems trade and warranty support business from the TS business unit
within the EG segment to the Other business unit within the Personal Systems segment;
• transferring the spare and replacement parts supporting the Personal Systems and Printing
segments from the TS business unit within the EG segment to the Other business unit within the
Personal Systems segment and the Commercial Hardware business unit within the Printing
segment, respectively; and
• transferring certain cloud-related incubation activities previously reported in Corporate and
unallocated costs and eliminations and in the EG segment to the Corporate Investments
segment.
In addition, we transferred certain intrasegment eliminations from the ES segment and the EG
segment to corporate intersegment revenue eliminations.
HP has reflected these changes to its segment information retrospectively to the earliest period
presented, which has resulted in the transfer of revenue among the Printing, Personal Systems, EG, ES
and Software segments and the transfer of operating profit among the Printing, Personal Systems, EG,
Software and Corporate Investments segments. These changes had no impact on the previously
reported financial results for the HPFS segment. In addition, none of these changes impacted HP’s
previously reported consolidated net revenue, earnings from operations, net earnings, net EPS or
consolidated assets.
Printing and Personal Systems Group
The Personal Systems segment and the Printing segment are structured beneath a broader Printing
and Personal Systems Group (‘‘PPS’’). We describe the results of the business segments within PPS
below.
Personal Systems
For the fiscal years ended October 31
2014 2013 2012
Dollars in millions
Net revenue ........................................... $34,303 $32,179 $35,843
Earnings from operations ................................. $ 1,270 $ 980 $ 1,724
Earnings from operations as a % of net revenue ................ 3.7% 3.0% 4.8%
The components of the weighted net revenue change by business unit were as follows:
For the fiscal
years ended
October 31
2014 2013
Percentage Points
Notebook PCs .................................................... 4.7 (7.8)
Desktop PCs ..................................................... 1.1 (2.9)
Workstations ..................................................... 0.2 —
Other .......................................................... 0.6 0.5
Total Personal Systems .............................................. 6.6 (10.2)
60